laws and the president wins a second term? let's ask msnbc policy analyst ezra klein of the "washington post." good afternoon, ezra. i'm glad you're here. it needs a man of your intellect to unravel this complex and comprehensive conspiracy. here is the one question we keep hearing today. take a listen to this, ezra. >> how do you drop a third in the overall number and only add about 100,000 jobs? >> how did we get a drop of one-third in the unemployment rate? >> well, we didn't get a drop of one-third. the unemployment rate went down 0.3 of 1%. that's how much we're talking about here. a lot of this is because we have this weird psychological fixation on this line at 8% and it went under that, but we've had a 0.2 drop earlier, we had a 0.4 of a percentage drop a year ago. this is not some incredibly weird aberration we need to explain. it's not even, frankly, that good of a number. 7.8% is not great. could go up to 7.9% or 8% next month. the idea we've had an incredibly wonderful labor report that we have to figure out a cons